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2016-214s:Uegal\our docunaer�tstorditranc�s\I G\vdinca nominitian ord.dacx � � � ' �' � ��� ` �' � � �' � � ;' � . � ��� ' � � �' � � �r � �' � �� ' � � ' �� �>' � �' � � � # � �,. � . . .: . r r r � r ;� � r � � � �� � �' � ,,� WHEREAS, the City Council of the City of Denton (the "City"} desires to create the proper economic and sacial environment io induce the investment of private resources in productive business enterprises located in severely distressed areas of the City and to provide employment to residents of such areas; and WHEREAS, the project or activity is located in an area designated as an enterprise zone; and WHEREAS, pursuant to Chapter 2303, Subchapter F af the Act, VJinCa Faods, LLC has applied to the City for designation as an Enterprise Project; and WHEREAS, the City finds that WinCa Foods, LLC meets the criteria for tax relief and other incentives adapted by the City on the grounds that it will be located at the qualified business site, will create a higher level of employment, economic activity and stability; and WHEREAS, a public hearing to consider this order was held on July 19, 2016; NOW, THEREFORE; ! � • � • ' ; •' � � SECTION 1. The City naminates WinCo Foods, LLC for Enterprise Project status, SECTION 2. The following local incentives, at the election of the governing body, are ar will be made available to the nominated project or activity of the qualified business: a) The City may abate taxes on the increase in value of real property improvements and eligible personal property that locate in a designated enterprise zone. The level of abatement shall be based upon the extent to which the business receiving the abatement creates jobs for qualified employees, in accordance with the City of Denton Tax Abatement Policy, and with qualified emplayee being defined by the Act. The City may offer the following incentives for businesses meeting the applicable requirements: reduced electrical utility rates, reduced infrastructure costs, grants based on new sales tax or ad valorem tax revenues generated by a campany or development, lacal sales tax refund, tax increment financing, triple Freeport tax exemption, Chapter 380 grants, and industrial revenue bonds. b) The City may provide regulatory relief to businesses, including: 1) zoning changes ar variances; s:ilegaf\our documents\ordinances\16\winco nomination ord.docx 2) exemptions from unnecessary building code requirements, impact fees, ar inspection fees; or 3) streamlined permitting. c) The City may provide enhanced municipal services to businesses, including: 1) improved police and fire protection; 2) institution of community crime prevention programs; or 3) special public transportation routes or reduced fares. d) The City may provide improvements in community facilities, including: 1) capital improvements in water and sewer facilities; 2) road repair; or 3) creation or improvement of parks. e) The City may provide improvements to housing, including: 1) low-interest loans for housing rehabilitation, improvement, or new construction; or 2) transfer of abandoned housing to individuals or community groups. � The City may provide business and industrial development services, including: 1) low-interest loans for business; 2) provision of publicly owned land for develapment purposes, including residential, commercial, or industrial development; 3) creation of special one-stop permitting and problem resolution centers or ombudsmen; or 4) promotion and marketing services. g) The City may provide job training and employment services to businesses, including: 1) retraining programs; 2) literacy and employment skills programs; 3) vocational education; or 4) customized job training. SECTION 3. The enterprise zone areas within the City are reinvestment zones in accordance with the Texas Tax Code, Chapter 312. ��?C 1��);C�_��. The City of Denton City Council directs and designates its Director of Development Services as the City's liaison to communicate and negotiate with the OOGEDT through the Bank and enterprise praject(s) and to oversee enterprise zone activities and communications with qualified businesses and other entities in an enterprise zane or affected by an enterprise project. � s:\legal\our documents\ordinances\16\winco nomination ord.docx SECTION 5. The City finds that WinCo Foods, LLC meets the criteria for designation as an enterprise project under Chapter 2303, Subchapter F of the Act on the following grounds: a) WinCo Foods, LLC is a"qualified business" under Section 2303.402 of the Act since it will be engaged in the active conduct of a trade or business at the qualified business site located in an enterprise zone in the governing body's jurisdiction and at least twenty-five percent (25%) of the business' new employees will be residents of an Enterprise Zone or economically disadvantaged individuals; and b) There has been and will continue to be a high level of cooperation between public, private, and neighborhood entities in the area; and c) The designation of WinCo Foods, LLC as an Enterprise Project will contribute significantly to the achievement of the plans of the City for development and revitalization of the area. SECTION 6. The enterprise project shall take effect on the date of designation of the enterprise project by OOGEDT and terminate five years after that date. SECTION 7. This ordinance shall take effect from and after its passage as the law and charter in ..................._......m�..�., ' such case provides. PASSED AND APPROVED this the � da ( �� �,� � ��"� 2016. �_ � ...�, ............._ Y ��� �.... �� .— . �....�� ATT�a, MAY ATTEST: JENNIFER WALTERS, CITY SECRETARY : ,�l�l�'������.�°�l':� AS�°l"('�� LEGAL FORM: ANITA 1�URGESS, CITY ATTORNEY ... � � �� n �� � ���� �, � �� � �, � . B ,,�. �" � � �.�����...� ��. �'�"� __.. � -�--�- �,.;�"� ... ... Page 3